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Dairy Herd reports US tariffs on Canada, Mexico and China are in full effect, with spot cheese block falling 11.5 cents to $1.6050 per pound and spot butter at its lowest since December 2021. Mexico, the largest US dairy importer, had yet to respond to the tariffs at the time of reporting.
Tariff-driven export uncertainty and a possible Mexican retaliation could cut US dairy export demand, pressuring Class III prices and reducing dairy feed demand.
dairyherd.comEver.AgMar 4, 2025After 49 past bearish trade events, Milk (Class III) moved a median -0.3% over 5 sessions (39% higher; middle half -4.7% to +1.5%), and -0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Tariffs took effect and spot block cheese fell 11.5 cents to $1.605, directly pressuring Class III prices on March 4.
